After the mixed year end update in March, WYG’s FY17 prelims contain a positive cashflow surprise (net debt of £2.5m vs our £6.0m forecast) but are otherwise in line with expectations. The year end order book was stable at £145m, before the impact of the £50m of contract awards announced last week. This provides good underpinning for FY18, notwithstanding some inevitable uncertainty around Thursday’s general election. Paul Hamer will be leaving WYG to join Robert McAlpine as CEO and will be repl ....
06 Jun 2017
N+1 Singer - WYG - Positive cashflow surprise, FY18 guidance reiterated
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N+1 Singer - WYG - Positive cashflow surprise, FY18 guidance reiterated
After the mixed year end update in March, WYG’s FY17 prelims contain a positive cashflow surprise (net debt of £2.5m vs our £6.0m forecast) but are otherwise in line with expectations. The year end order book was stable at £145m, before the impact of the £50m of contract awards announced last week. This provides good underpinning for FY18, notwithstanding some inevitable uncertainty around Thursday’s general election. Paul Hamer will be leaving WYG to join Robert McAlpine as CEO and will be repl ....